For the second quarter in a row, web sales at Walmart Inc. grew 37.0 percent, according to the company’s report. The increase was impacted by strong growth in groceries sold online, the company stated. For the second quarter ended July 26, Walmart reported total revenue of $130.38 billion, an increase of 1.8% from $128.03 billion a year ago. Profit for the quarter was $3.61 billion, compared with a net loss of $861.0 million the previous year. The company called online grocery “a meaningful contributor to ecommerce growth.” The quarter ended with more than 2,700 grocery pickup locations and more than 1,100 delivery locations in the United States. Walmart reached another milestone with making its same-day delivery service available to 75 percent of the U.S. population. The company had planned to extend same-day delivery by the end of the year but announced it had met the goal ahead of schedule.
Walmart Web Sales Reach Milestone
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